NEWS

ARGENTINA LITHIUM SECURES FIRST BRINE PROJECT

Argentina Lithium Secures First Brine Project

October 28, 2016

Vancouver, BC / Marketwired / October 28, 2016 / Argentina Lithium & Energy Corp. (TSX-V: LIT, FSE:
OAY1 (WKN: A0RK7E), “Argentina Lithium” or the “Company”) is pleased to announce that it has entered
into an option agreement to acquire a 100% interest in the Arizaro lithium brine project located on the Arizaro
Salar within the prolific “Lithium Triangle” in the Province of Salta, Argentina.

“We are very excited to start this new chapter of exploration with a project that meets all the best starting
requirements - location, size, geology, infrastructure, jurisdiction and potential. As a member company of the
Grosso Group, we plan to draw on our experience and past success in Argentina to become a leader in
exploration for the green energy sector, starting with the Arizaro Project” stated Nikolaos Cacos, President and
CEO of Argentina Lithium.

The Arizaro Lithium Brine Project consists of 20,500 hectares in the central core of the Arizaro Salar, the largest
in Argentina (and third largest in the Lithium Triangle). Analysis of the Salar indicates that the central area has
the geologic conditions and thickness to be the most prospective for quality brine resources.

Argentina Lithium plans to initiate aggressive exploration on the property. In addition, a strategy is underway to
further expand the property holdings on the Arizaro Salar, and acquire additional high-potential lithium brine
projects.

The Arizaro Salar benefits from a strategic location for infrastructure, including: a railway that connects to the
deep water port of Antofagasta, nearby advanced mining projects that are expected to bring significant
development of access routes and power, and the availability of water for development.

The terms of the option agreement include $6M in staged payments and $4.2M in expenditures over a four year
period. Additionally, the Company must issue 2.5M common shares with certain resale restrictions.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve
inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to
refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company
undertakes no obligation to publicly update or revise any forward-looking statements.

The securities being offered have not been, nor will they be registered under the United States Securities Act of 1933, as amended, or state securities
laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state
registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the
United States.